Glance is an Indian artificial intelligence-based software company. The company was co-founded in 2019[1] by Naveen Tewari, Abhay Singhal, Mohit Saxena, and Piyush Shah[2] with their headquarters being in Bangalore.[3] Glance is owned by InMobi, a multinational technology company.[4][5]
 | |
| Company type | Private |
|---|---|
| Industry | |
| Founded | 2019 |
| Headquarters | |
Area served | Worldwide |
Key people | Naveen Tewari (CEO) |
| Products | Roposo |
Number of employees | 1000 [citation needed] |
| Parent | InMobi |
| Website | www |
History
editThis section contains promotional content. (July 2022) |
In September 2019, Glance raised 45 million dollars in funding from the United States-based venture capital firm Mithril Capital.[6] In November 2020, Glance raised $145 million from Google and Mithril Capital,[7] increasing its valuation to over $1.2 billion.[8] It is the second company from the InMobi group to have become a unicorn, or a startup valued at more than $1 billion.[9]
In June 2022, Glance launched a three-day digital event called Glance LIVE Fest, with Bollywood actor Rajkummar Rao starring in their marketing campaign to promote it.[10]
Acquisitions
editGlance acquired Roposo, a short-form video platform, in November 2019. They purchased Roposo for an undisclosed amount to add vernacular video content to its platform.[11][12][13] In June 2021, it acquired Shop101, a social e-commerce platform, for an undisclosed amount to integrate celebrity and influencer-led commerce on Glance and Roposo.[14] In March 2022, it acquired Gambit, an Indian gaming company, for an undisclosed amount to accelerate Glance’s goal of building the biggest platform for NFT-based live gaming experiences for Gen-Z across markets. [15]
References
edit- ^ "Naveen Tewari: The wizard of two unicorns". www.fortuneindia.com. Retrieved 22 June 2021.
- ^ "The year of the unicorns". www.fortuneindia.com. Retrieved 22 June 2021.
- ^ staff, CNBC com (15 May 2019). "InMobi 2019 Disruptor 50". www.cnbc.com. Retrieved 22 June 2021.
- ^ After InMobi, Naveen Tewari scores a second unicorn with Glance – the lock screen wizard
- ^ Vankipuram, Meera (25 November 2019). "InMobi's Glance acquires video platform Roposo to add more vernacular content". mint. Retrieved 22 June 2021.
- ^ Mandavia, Megha. "InMobi's Glance raises $45M funding from Mithril Capital". The Economic Times. Retrieved 25 June 2021.
- ^ "InMobi's Glance enters unicorn club after Google-led funding round". m.businesstoday.in. Retrieved 25 June 2021.
- ^ Abrar, Peerzada (22 December 2020). "InMobi's Glance turns unicorn with $145 mn investment from Google, Mithril". Business Standard India. Retrieved 25 June 2021.
- ^ Sujit John (22 December 2020). "Google invests in Glance, second unicorn for Naveen Tewari - Times of India". The Times of India. Retrieved 25 June 2021.
- ^ Focus, ABP Live (2 June 2022). "Glance LIVE Fest From June 3-5: How Fans Got Rajkummar Rao To Be Part Of It". news.abplive.com. Retrieved 10 June 2022.
- ^ Vankipuram, Meera (25 November 2019). "InMobi's Glance acquires video platform Roposo to add more vernacular content". mint. Retrieved 28 June 2021.
- ^ "InMobi Group Strengthens Content Play With Roposo Acquisition". Inc42 Media. 25 November 2019. Retrieved 28 June 2021.
- ^ "InMobi's Glance acquires Roposo - Times of India". The Times of India. PTI. 25 November 2019. Retrieved 28 June 2021.
- ^ Ahmad, Samreen (14 June 2021). "InMobi's Glance enters influencer-led shopping with Shop101 acquisition". Business Standard India. Retrieved 28 June 2021.
- ^ "Glance". glance.com. Retrieved 19 September 2022.
External links
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